Citibank Personal Loan

Citibank offers personal loans between Rs.25,000 and Rs.30 lakh at interest rates starting from just 10.99%. The maximum repayment tenure of the loan can extend up to 60 months, and the processing fee charged can be up to 3% of the loan amount.

Documents Required for Citibank Personal Loan

Here are the documents you will have to submit when applying for a personal loan from Citibank:

Criteria

Salaried Individuals

Self-employed Individuals

ID Proof

PAN Card

Aadhaar Card

Driving License

Voter’s ID

Passport

Photographs

PAN Card

Trade License with photograph

Driving License

Voter’s ID

Passport

Photographs

Address Proof

Driving License

Voter’s ID

Aadhaar Card

Passport

Utility bills from the past 3 months

Ration card

Rent agreement or lease deed or property registration document

Bank account statement for the past 3 months

Latest income tax returns

Driving License

Voter’s ID

Aadhaar Card

Passport

Utility bills from the past 3 months

Ration card

Rent agreement or lease deed or property registration document

Bank account statement for the past 3 months

Latest income tax returns

Age Proof

Birth Certificate

Passport

School or College Leaving Certificate

PAN Card

Voter’s ID

Company ID

Birth Certificate

Passport

School or College Leaving Certificate

PAN Card

Voter’s ID

Employment/Business Proof

Letter from employer

Form 16/pay slips

Rent receipts or lease deed

Utility bills

Bank statement for the past 3 years

Ownership document

Income Proof

Latest salary slips

Bank statement for the past 3 months

Latest Form 16

Profit and Loss account

Income tax returns for the past 2 years

Balance sheet

Bank statement for the past 6 months

Audit report

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Citibank Personal Loan Penalties and Charges

Late Payment Charges

Nil

Preclosure Charges

Up to 4% of the overall outstanding amount

Stamp Duty

Depending on prevalent state laws

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Citibank Personal Loan FAQ

What are the reasons for which I can take a Citibank personal loan?

Citibank offers personal loans for a variety of reasons such as home renovation, meeting wedding expenses, debt consolidation, travel, etc. However, the regulations set forth by the Reserve Bank of India state that you cannot use the funds for any speculative, unlawful, or antisocial purposes.

How long does it take for my Citibank personal loan application to be approved?

Citibank usually takes a few hours to process your loan application and decide whether it is approved or rejected. However, there could be situations where the bank may require more information before the application is processed and that may take a couple of working days.

When will the EMI payments for my Citibank personal loan start?

In case you apply for a Citibank personal loan in March 2019, the first EMI will have to be paid on 1st May, 2019. The commencement of EMI payments starts during the second succeeding month from the month in which the loan was taken.

Who can take a Citibank personal loan?

Citibank offers personal loans to salaried employees, business owners, and self-employed professionals. Customers of Citibank with a Branch, Suvidha, or a Mortgage relationship also qualify for a Citibank personal loan.

How do I pre-pay my Citibank personal loan?

Customers have two options when it comes to pre-paying their Citibank personal loans – Partial pre-payment and Full pre-payment. When you go in for a full pre-payment, the entire outstanding amount will have to be repaid in one shot. Partial pre-payment, on the other hand, will mean that you will be partially repaying some of the outstanding amount. Call the bank’s 24x7 helpline in order to make partial or full pre-payment.

Does the bank levy any late payment charges?

The due date to pay your EMIs towards your Citibank personal loan is the 7th day of each month. However, Citibank does not levy any late payment charges.

Are there any eligibility criteria for partial pre-payment?

In order for you to be eligible for partial pre-payment, you will have to have paid your EMIs for a minimum of 12 months, and your pre-payment amount must be equivalent to at least two EMIs and a maximum of five EMIs.

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CitiBank Personal Loan Reviews

I have taken a personal loan with Citi Bank and its good. I am paying them in a timely manner. The interest rate is very good and there was a processing fee. The loan duration is 3 years and have completed 1.5 years. I can do preclosure or partial payment and the charges are applicable of 5% on outstanding principal. Their eligibility criteria is very high.

I had taken a Personal loan from CITI Bank a while back and the experience had been pretty good. The loan amount has been fine but the interest rate was pretty high than the market rate. The processing fee was nominal and the loan was closed. Their customer support team is quite helpful.

My experience is good by taking the personal loan CITI bank , they have charge nominal rate of interest as per the market price, they have charge me processing fee but i have no idea how much they have charge me and the loan amount they have given me was sufficient, their is no problem with customer service team .

I have taken a personal loan with Citibank. The customer services and response is good. The process to get the loan is good and the rate of interest and processing charges is normal too. The after loan services are also satisfactory. Good overall.

I have applied for Citi Bank Personal Loan got the loan amount on 1and a half day The rate of interest and the processing fee was nominal ,since have Citibank salary account got the loan soon ,documents submitted ,the loan amount was sufficient ,I have applied for the loan amount of 5.8lakhs for 4years of tenure . still the loan is on process process.The agent gave all the required details of the loan .

I have taken a personal loan in CITI bank for more than a month. The loan amount was one lakh and fifty thousands but as per my expectation as not met.The rate of interest is nominal. When at an initial verification the process was good.On time I received a loan amount. The customer service is good and supportive.

I have a personal loan with Citi Bank and its ongoing. The interest rate is not good, the customer service is fine. The loan tenure is 2 years and have done almost a year. The payment mode is ECS. The partial payment and foreclosure is applicable with charges of 4% on outstanding principal.

I took my personal loan from CITI BANK. I got a good interest rate when compared to other banks. Actually they charged me a processing fee which is 3,000 rupees for the loan amount of 3L. The documentation process was simple and everything was fine. The loan tenure is 4 years.

Citi bank offered me a personal loan with the affordable interest rate .I always prefer the Citi bank service is wiser among the other banks . They understand my requirement and taken just few days for sanction the loan . I am happy with the support given by the Citi bank .

I had selected CITI BANK for my personal loan since the interest rate has been less when compared with the other banks. The process in getting the loan was very smooth and the disbursement was on time. The loan amount has been fine and the processing fee has also been nominal.

I have taken a personal loan in CITI bank, the loan amount was 7 Lakhs the rate of interest was good and less while compare to other banks.The processing fee is nominal. Based on the query the customer service was good and responsiveness on time. The loan process was done in smooth manner.

Two month back I took one personal loan from CITI bank , and their customer service is good and response is also good , and tenure is 4 years , I am satisfied with loan amount and rate of interest is also nominal , I am happy with CITI bank personal loan ,

Citi bank offered me a persona loan based on the credit card, I took principal amount of Rs.2 lakhs. The best part there is a voice reorganization on their help desk, automatically they disclose all the information hence its easily reach the executive. I took the loan with the interest of 13%, still the loan is active condition and I am making the payment through ECS.

I like Citi Bank because they are more customer friendly than other banks but am not happy with the interest rate for the personal loan which was on the higher side. It was around 13.5% for loan amount of 2.5L. There was a processing fee and the loan tenure is 3 years. The documentation process was smooth.

I have good experience with CITI, I took the principal amount of Rs. 3.7 lakhs for the duration of four years, initially they have processing fee around Rs. 7000 its a drawback. The documentation everything completed on time, the interest rate is same as other bank.

I applied for a personal loan from the CITI BANK through mobile online, response was really good.The whole experience was good. The interest rate is normal when comparing to other banks in the market. Overall their services are good . I am happy with loan amount .

I hold a personal loan with CITI bank for a long time, The loan amount which they have given to me was good, based on my requirement they have been giving to me, the rate of interest they have charged me up to 11.5% which was nominal,they did not took any documents they approved my loan application within 2 days, they did not charge me processing fee but gst was chargeable,still this loan is running.

I had taken a Personal loan from CITI BANK almost two years back and the experience i had was really good. The process was really quick and the disbursement was made on the promised time. The loan amount was sufficient & the interest rate with the loan was quite nominal when compared with the other banks. They had not taken any sort of additional charges.

I have taken a personal loan from CITI BANK,the loan amount was Rs. 6,00,000 and the rate of interest was 12% but its high. I received the loan amount within 3 days.Documentation was simple and good i uploaded through online. Customer service and responsiveness is good. Preclosure charges is there but i am not sure.

The main reason in choosing CITI BANK for my personal loan is because the interest rate with them was pretty less. The communication in the beginning was not that good where after finalizing only i came to know about the lock period of 12 months. They should have made a provision to pay before that even with a penalty. Rest everything was good in this experience.